Of course Democrats want huge tax increases. Tax increases cause expanding deadweight loss and ultimately contract economic growth. Democrats clearly want to crash the economy while President Trump is in office to make sure that he’s a one-term President only.
President Trump pushed out on Twitter today that congressional Democrats “want MASSIVE tax increases & soft, crime producing borders.” The President said that Republicans, instead, advocate “the biggest tax cut in history & the WALL.”
Continue reading “Of Course Democrats Want Huge Tax Increases”
I have updated the market prediction path for the S&P 500 after Warren Buffett exposed what’s going on with the trading psychology of the rich and powerful regarding Trump’s tax cut. You can read more about how the rich are trading Trump’s tax cut here.
Continue reading “S&P 500 Market Prediction Update 10-3-2017”
Warren Buffett let the cat out of the bag today on why the rich and powerful are not selling stocks. Warren Buffett told CNBC today that he’s not selling and booking profits in his positions until he finds out what the capital gains tax rate will be under a Trump tax cut. Think about it. The difference could be millions of dollars in lost profit if stocks are sold before the end of the year and before Trump’s tax cut hits in 2018.
Continue reading “Warren Buffett Let Cat Out of Bag On Why Rich Are Not Selling Stocks”
The Russell 2000 index prediction was very accurate last week as the Russell followed the predicted path (green line) very closely last week as seen in the chart below.
The Russell 2000 is predicted to pullback next week and retest its $140.89 support level by mid-October. Sometime in late October, we will be looking at going long the Russell 2000 index in anticipation of November and the start of the best 6 months of the year for trading.
Continue reading “Russell 2000 Index Prediction Signals Pullback Coming”
Republicans have officially given up on trying to pass a border adjustment tax to even the playing field with our trading partners. The Retail Industry Leaders Association celebrated the news and said they are now ready to get on-board with the President’s tax reform.
Continue reading “Border Adjustment Tax DOA as Retailers and Traders Celebrate Victory”
President Trump has honored his campaign promise to pull the US out of these globalist run bureaucracies that tax Americans in the name of bad effects of climate change (see Washington Post link above). You go honeybadger Trump! Trump supporters finally have something to be happy about again.
Effects of Climate Change, Who Cares?
We all want a clean environment for ourselves and future generations but Democrats under the Obama Administration destroyed our economy and middle class in an attempt to control the effects of climate change. With $20 trillion in debt and most Americans struggling just to keep a roof over their heads and food on the table, it’s criminal that US citizens are taxed and those tax dollars are sent to a non-elected globalist run bureaucracy of socialists whose goal is to create a one-world order.
The message is not that we don’t care about the environment. The message is that America has been run into the ground by decades worth of rule under Republican and Democrat administrations that milked the US tax payer for hundreds of billions of dollars while crony environmental capitalists like Elon Musk made a fortune. The message is that free handouts from America are over because we are on the verge of bankruptcy after decades of high taxes and jobs shipped offshore to places like Mexico and China.